Quote:
Originally Posted by Steely Dan
we picked up a 2,300 SF 3 bed/3 bath in the heart of lincoln square, but it's a duplex-down in a 3-flat. if you could lop off the top 2 units of our building, our home would immediately jump ~$150,000 because OMG!!!!! SFH!!!!!
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You overall point of how our society fetishizes SFH's is true, but there are also some practical reasons why a SFH would be that much more expensive. Not having an HOA payment is one, as
the present value of 30 years of a $500/month HOA is about $115k.
Another example, before we moved the people above us woke up at 5am everyday to stomp around their apartment, this woke up my son at 5am. EVERY. SINGLE DAY. Now that we don't share any walls he is consistently sleeping until 6am. 1 hour a day for two working parents is pretty significant.
I also have the freedom to build whatever garden I'd like in my entire backyard. I also have garage space for a large workbench (valuable to me).